8614 E CHERYL Drive, Scottsdale, AZ 85258, Scottsdale, 85258 - 4 bed, 3 bath
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Scottsdale, AZ 85258
This Spacious Traditional Home represents a Strong Value Opportunity, listed at $1,550,000—positioned well below the $1,627,344 Fair Market Value by 4%. This valuation gap provides $77,344 in Instant Equity for the buyer. While the property holds a Fair Condition Rating and invites cosmetic modernization, its prime McCormick Ranch location, large pebble tec pool, and proximity to the 9/10 rated Cochise Elementary School offer significant long-term upside. This is an ideal acquisition for Owner-Occupants seeking a value-add project or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8614 E CHERYL Drive Subject | $1,550,000* List Price | 4 | 3 | 3,842 | $424 | - |
A 10040 N 78TH Place Sold | $1,395,000 List Price | 4 | 5 | 3,459 | 0.9 mi | |
B 8907 N 80TH Place N Pending | $1,250,000 List Price | 4 | 3 | 2,426 | $515 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1981, the property is over 40 years old and appears dated. While the home is spacious and functional, the interior features—including carpeting, ceiling fans, and visible cabinetry—suggest it has not undergone a major renovation in over 20 years, placing it in the 'Fair' category as it requires cosmetic updates.
Elementary School: Cochise Elementary School (9/10).
Situated in a quiet cul-de-sac within the prestigious McCormick Ranch, this property offers exceptional privacy while being walking distance to the top-rated Cochise Elementary School and minutes from Scottsdale's premier dining and shopping.
The 3,842 SQFT layout features a highly desirable downstairs primary suite and a massive upstairs loft with balcony access, providing flexible space for a fifth bedroom, executive office, or high-end entertainment room.
Built in 1981, the home may require significant cosmetic or system updates to meet the contemporary luxury standards expected at the $1.55M price point in this market.
The combination of a large 1980s structure, a substantial swimming pool, and recurring association fees may result in higher-than-average ongoing utility and maintenance expenses for the homeowner.
Outstanding opportunity for a Custom Home located in prestigious McCormick Ranch. Great lot location in a private and quiet cul-de-sac. Very spacious 3,842 SQFT of living space. Large living room, and family room with a fire place. Very private backyard with a large pebble tec pool and covered patio. Massive loft / space upstairs, which can be used for a variety of options (5th bedroom, office, game room, entertainment, etc) that steps outside to a Balcony. Spacious downstairs primary suite, with a sitting area & fireplace. Prime Scottsdale location, close to some of the best Restaurants, Entertainment, Shopping & more.
No exterior & parking available.
Grades PK-5 • 0.3 mi
Grades PK-5 • 2.3 mi
Grades PK-6 • 4.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,842 | 2,419 | 98% |
| Lot Size | 10,270 | 10,073 | 54% |
| Price | $1.55M | $730.0K | 88% |
| Price per sq ft | $403 | $393 | 51% |
| Built year | 1981 | 1982 | 49% |
| HOA | $265 | $216 | 68% |
| Days on market | 7 | 2493 | 1% |
Jun 13, 2026
$1,550,000
Initial Listing
Jun 28, 1988
$271,000
Public Record